Home buying mistakes to avoid
- Waiting and waiting: There is no “perfect time” to buy. Don’t wait indefinitely. There are several important factors other than the house’s price to consider — namely the current interest rates, market trends, your needs and more.
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- Impatience can lead to regret: Some rush into buying the first home they view. Sleep on it first. Ask for your friends’ and family members’ advice. There are plenty of homes out there for you.
- Be a smart buyer: Getting too excited over a home right in front of the sellers or their agent might cause them to consider holding out for a higher price. Play it cool.
- Buying the wrong size: Families grow. Consider something slightly — but not extravagantly — larger than your current needs.
- Excessively low-balling your offer: If the sellers’ market is doing well and you’re offering 10% below the asking price, don’t be surprised if you lose the home. See what nearby houses are going for and bid accordingly.
- Not getting it in writing: This one is very important. If the seller promises to replace the home’s aging shingles, get it in writing, and signed.
2. Ask someone you trust if they’d recommend their agent.
3. Get the proper buyer advice from the beginning and have an expert there when you're ready to pull the trigger.